Lockheed Martin Stock Drops After Announcing New Low-Cost Missile Product
Lockheed Martin (LMT) stock dropped over 4% early Tuesday after announcing a new low-cost PAC-3 ACE Patriot missile, which investors feared could reduce profit margins. The decline moderated to about 0.8% by the close of trading.
Tickers: $LMT
Topics: defense missile_programs profit_margins